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Carnival Corporation & PLC Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2018
OPERATING ACTIVITIES      
Net Income (Loss) $ (10,236) $ 2,990 $ 3,152
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
Depreciation and amortization 2,241 2,160 2,017
Impairments 4,063 26 16
Gains on fuel derivatives, net 0 0 (59)
Loss on repurchases of Convertible Notes 464 0 0
Share-based compensation 105 46 65
Noncash lease expense 172 0 0
(Gain) loss on ship sales and other, net 78 43 (6)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities (3,114) 5,265 5,186
Changes in operating assets and liabilities      
Receivables 125 (114) (58)
Inventories 77 79 (67)
Prepaid expenses and other (209) (254) 74
Accounts payable (165) 34 (24)
Accrued liabilities and other (311) 80 (100)
Customer deposits (2,703) 387 539
Net cash provided by (used in) operating activities (6,301) 5,475 5,549
INVESTING ACTIVITIES      
Purchases of property and equipment (3,620) (5,429) (3,749)
Proceeds from sales of ships 334 26 389
Purchase of minority interest (81) 0 (135)
Derivative settlements and other, net 127 126 (19)
Net cash provided by (used in) investing activities (3,240) (5,277) (3,514)
FINANCING ACTIVITIES      
Proceeds from (repayments of) short-term borrowings, net 2,852 (605) 417
Principal repayments of long-term debt (1,621) (1,651) (1,556)
Proceeds from issuance of long-term debt 15,020 3,674 2,542
Dividends paid (689) (1,387) (1,355)
Purchases of treasury stock (12) (603) (1,468)
Issuance of common stock, net 3,249 4 3
Other, net (150) (86) (42)
Net cash provided by (used in) financing activities 18,650 (655) (1,460)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 53 (9) (1)
Net increase (decrease) in cash, cash equivalents and restricted cash 9,161 (465) 574
Cash, cash equivalents and restricted cash at beginning of year 530 996 422
Cash, cash equivalents and restricted cash at end of year $ 9,692 $ 530 $ 996